Global Fiber Optic Beam Expander Market to Reach $1.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Fiber Optic Beam Expander estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at aCAGR of 7.6% over the period 2020-2027. Galilean, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Keplerian segment is readjusted to a revised 7.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $343.3 Million, While China is Forecast to Grow at 7.1% CAGR
The Fiber Optic Beam Expander market in the U.S. is estimated at US$343.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$338.1 Million by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.We bring years of research experience to this 8th edition of our report. The 232-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- American Laser Enterprises LLC (ALE)
- Diamond SA
- Edmund Optics, Inc.
- Jenoptik AG
- Lumetrics, Inc.
- Micro Laser Systems, Inc.
- Newport Corporation
- Optolita UAB
- Qioptiq Photonics GmbH & Co. KG
- Sill Optics GmbH & Co. KG
- Sintec Optronics Technology Pte Ltd.
- Special Optics, Inc.
- TE Connectivity Ltd.
- Thorlabs, Inc.